Oil

A couple of items of note.:

Pipeline from Iraq to Turkey has been sabotaged,happens quite often and was  expected to be down for a few days.This has changed  as  talk now that it could be down a minimum of 2 weeks. This pipeline  which runs from the Kurdish region of Iraq to Turkish port of Ceyhan carries 600k barrels of Oil a day.the oil terminal at the port will likely be out of Oil this weekend.This Is a Big Deal!!

Not such a big deal A pipeline that carries oil in Nigeria  was sabotaged and transportation of 200k barrels a day will be affected.

Outside of OPEC rhetoric  this is actually evidence of less oil in the market.

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